Business For Sale - East Gosford

Summary

Rare opportunity to secure the premises of an up-market wine and tapas bar, very competitively priced for quick sale due to health reasons.
Run the existing business, change the name/décor, or open something completely new. Either keep the current business name, or use this excellent opportunity to acquire the space and equipment at below cost, and open a new business, or relocate/expand your current business, and benefit from the marketing and exposure of being the ‘newest venue in town’.
This is the perfect opportunity to start your own venture.
The premises are licensed, and the licence is transferrable to the new owner.
This business has plenty of room and opportunity for growth – the possibilities are enormous. The business is currently closed, and prior to that was only trading 2 nights per week (Friday and Saturday nights).
Located in East Gosford (on the Central Coast of NSW) in an affluent and growing dining area, surrounded by many established and new residential developments.
Significant main road exposure (50,000 cars per day), located at a prominent intersection, and strategically close to public transport (bus stop literally at the door, and only 8 minutes to Gosford station), with ample parking on-site for customers, as well as quiet local street parking.


Price

$25,000 negotiable.


About the current business

Established in 2015, it was run as a wine bar with tapas style hot and cold food selections. The venue was also able to be exclusively booked out for functions, and held ‘special’ event days such as for Melbourne Cup.


About the tenancy and business – key features

The premises are licenced as a Small Bar. Details are: no under 18 years, maximum of 60 patrons, and excellent trading times: from 12pm daily, until 12:00am (midnight) Monday to Saturday, and until 10:00pm Sundays. 
43.5 sqm internal area plus 56.5 sqm secure and heated outdoor courtyard seating area. 100 sqm total, however outgoings are only payable on the internal 43.5 sqm area.
Ground floor exposure in high profile, boutique retail/commercial centre with a surrounding mix of long term local and national tenants.
Tenancy is located in the restaurant hub of the centre, with private and shared outdoor courtyard seating. The dining hub comprises of an Indian restaurant, Vietnamese restaurant, and Crust Gourmet Pizza franchise. Your customers are able to order food from these premises and have it delivered to your dining area if you wish.
Excellent position at a prominent intersection on a main road (50,000 cars per day). High visibility.
Existing fit out supplied. Extensive list of assets and equipment is included in the sale, including an already equipped kitchen.
Air conditioned.
On site car parking for customers plus one reserved undercover space for owner. Loading zone also available for deliveries.
Disabled entry compliant.
Centre amenities (male, female and disabled).
On-site centre management, security patrols and CCTV footage.
NBN (National Broadband Network) ready and available.
Close to public transport (bus stop located in front of tenancy, 8 minutes to Gosford station).
Online presence already established.



Location details

The centre is located at a main intersection, on a main road, within the popular East Gosford shopping and dining precinct. This is an excellent opportunity to secure prime commercial space in a sought after location with easy access for both customers and suppliers.
Prime location in local dining area. Heavy foot traffic zone both day and night. You will benefit from exposure to established customers of other local restaurants.
This arterial road is the main thoroughfare for commuters to and from Sydney, so provides the ability to capture this market on their way home from work.
There are also many established businesses in the local areas of West Gosford, Gosford, East Gosford and Erina who you can market to, to maximise your lunch time and early afternoon trade. Many staff are on the lookout for lunch venues and after-work drinks/dinner.
Local, affluent residential suburbs of East Gosford and Point Frederick. East Gosford is regarded as a “high demand market” according to realestate.com.au. Gosford is also a largely residential area. All these areas already have a highly established residential market, and are still growing residential areas with many new developments (mostly unit blocks and townhouses) both underway and planned.



Current layout, fixtures and equipment

100 sqm area (43.5 sqm internal space plus 56.5 sqm secure, heated outdoor courtyard seating).
Courtyard seating area is 10x7 metres, with a water feature, furniture, portable gas heaters and storage. Currently seats 45 people in all weather. Disabled entrance right off the main street.
Internal area is 6x5 metres. Currently seats 15 people. This area features an in-built gas fireplace, reverse cycle ducted air conditioning, furniture, and dresser/sideboard storage.
Kitchen area is small but functional, with large chest freezer and fridge, plus smaller fridge/freezer units, large 4 burner 1.5 litre gas oven, microwave, ice maker, dishwasher, cordless phones, printer and coffee machine.
Plenty of cube display/storage for alcohol and glassware.
Fit-out can be changed to increase the size of the kitchen. The DA can be amended to make the whole inside area into a kitchen if desired.
Live entertainment is allowed in the courtyard area, however currently restricted to low volume singer/guitarist or background music played through speakers. You are able to apply for this to be changed.

Some details of the equipment:

Lucci airfusiion resort ceiling fan
Regency PG36 gas fireplace
1.5l oven (electric) with 4 gas job and electric stone griddle
Eswood smartwash dishwasher
Scope Centaur undercounter 2 door fridge
Scotsman ice maker
Philips airfryer x 2
Essentials microwave
Panasonic x 2 phones and chargers
TCL Canon Pixma MG2900 printer
Breville Barista Express coffee machine
Hisense deep freezer
Airflow fridge freezer combo
Westinghouse chest freezer
Vintec wine fridge



Potential

Run the existing business, change the name/décor, or open something completely new.
This is a remarkable business opportunity for either an aspiring or experienced bar/restaurant owner to start their own venture (or relocate/duplicate an existing business).
The site has enormous potential and opportunities for growth. The business is currently closed but was previously only trading two nights per week (Friday and Saturday).
There is the potential to open 7 days per week. Ability to sell alcohol from 12pm (lunchtime) to 12am (midnight).
The space is perfect for breakfast/lunch/dinner trade, and you are also able to host private bookings for events, parties, celebrations, local business’ Christmas functions. Plus host your own public events such as wine/beer tasting, and special public functions for events such as Melbourne Cup.
Ability to expand the menu to coffee and breakfast, lunch, take-away, dinner, tapas, dessert, cocktails.
There is extra courtyard seating space available (outside of your private courtyard area).
There is already the capacity for live music but you could apply to have this granted further.
The local area is becoming quite a prominent food destination. You will be able to capture interest from the current customers of other nearby facilities.
Potential to improve online, including social media, presence.



Reason for sale

Priced to sell for a quick sale due to owner’s health reasons.



Lease

2 years + 2 months left on current lease term + option to renew for a further period of 5 years.
Landlord willing to negotiate a longer lease if required.
Outgoings is only paid on the internal 43.5 sqm area.



Online information

Current business statistics/reviews:
4.5 star Google reviews
4.6 star Facebook reviews & over 1000 likes
5 star TripAdvisor reviews
5 star Local Search reviews
You can easily change the listing on these sites if you open a new business.

Featured in Breeze Magazine 2016

Listed / featured on these websites (easy to update/change the name to your new business as location is already set up for you):

Bestrestaurants.com.au
Centralcoastaustralia.com.au
Yelp.com.au
Truelocal.com.au
Localsearch.com.au
Restaurantguru.com
Visitcentralcoast.com.au
Visitnsw.com
Localbarsfinder.com



For more information

Serious enquiries only please.
For more information contact Yianna Genetzakis by email: yianna@vcmanagement.com.au, or phone 02 4323 7606.


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Location

East Gosford, NSW

Property Type

Business For Sale

Enquire about this property

Contact Yianna Genetzakis


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